title

'Dynamic Microeconomic Models of Fertility Choice: A Survey'

author

'Cristino R. Arroyo and Junsen Zhang'

url

'http://www.jstor.org/stable/20007526'

abstract

'We review existing approaches to the specification and estimation of dynamic microeconomic models of fertility. Dynamic fertility models explain the evolution of fertility variates over the life-cycle as the solution to a dynamic programming model involving economic choices. Dynamic models may be classified into structural and reduced-form models. Structural models generally require solution of the underlying dynamic programming problem. Reduced-form models, while based on a structural specification, do not. Recent innovations in estimation methodologies make both types practical and realistic alternatives to static models of lifetime fertility.'

journal

'Journal of Population Economics'

year

'1997'

Undefined

'09331433, 14321475'

'1'

'23--65'

'Springer'

'10'